U.K. stocks advanced for a second day, trimming a weekly loss, as investors weighed data on U.S. industrial and manufacturing output to gauge the health of the world’s largest economy.

Royal Dutch Shell Plc and Tullow Oil Plc rose at least 1 percent each, tracking gains in European oil-and-gas stocks. Talvivaara Mining Co. tumbled 43 percent as the nickel miner said it will apply for corporate reorganization and file for bankruptcy if that fails.

The FTSE 100 Index gained 27.31 points, or 0.4 percent, to 6,693.44 at the close in London. The benchmark slipped 0.2 percent this week as the Bank of England said unemployment may reach its threshold to consider interest-rate increases sooner than forecast. The broader FTSE All-Share Index added 0.3 percent today, while Ireland’s ISEQ Index dropped 0.4 percent.

“Stocks are being helped by the direction of the global economy and by the resilience of policy makers,” said John Haynes, head of research at Investec Wealth & Investment in London. “There’s no way policy makers will taper stimulus measures too fast. If they do so, it will be because of a strong recovery. The U.K. and the U.S. have led the recovery, so they may lag the next phase of market appreciation.”

In the U.S., a Federal Reserve report showed industrial production 0.1 percent in October, following a revised 0.7 percent gain in September, amid a partial government shutdown that lasted 16 days. The median projection of economists surveyed by Bloomberg had called for a 0.2 percent advance. Other releases showed factory production rose more than forecast in October and manufacturing in the New York region unexpectedly contracted in November.

Talvivaara plummeted 43 percent to 3.51 pence, its biggest drop and lowest price since its London listing in 2007. The Finnish company and its subsidiary Talvivaara Sotkamo Ltd. will each apply for corporate reorganization after failing to secure funds for a voluntary restructuring, according to a statement. Talvivaara said it will file for bankruptcy if the new plan also fails.

Talvivaara withdrew its 2013 output forecast in July and posted a bigger-than-estimated third-quarter loss as nickel prices dropped and the company struggled to ramp up production because of excess water in its open-pit mine.

Vedanta Resources Plc slid 6.7 percent to 955.5 pence. The producer of oil and metals in India reported a fiscal first-half net loss of $127 million, compared with a profit of $173.6 million.